A once-wealthyJPMorgan Chase& Co. client whose portfolio crumbled as he slid into dementia lost a legal battle seeking to recoup his fortune from the bank. A federal judge in Boston threw out a lawsuit filed by Peter Doelger, 87, and his wife, Yoon, accusing the firm o...
Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and UBS AG agreed to pay nearly $500 million to settle an antitrust class action by US pension funds over the banks’ control of the market for stock loans used for hedging and short selling. /jlne.ws/47HPjcp Pension fund...
For 24-years Daniel Pinto commuted from his home in London to New York, the headquarters ofJPMorgan Chase& Co., where he is president. “Jamie’s fine with it,” hetoldBrunswickGroup in 2019, referring to his boss and mentor Jamie Dimon, who has been CEO of the bank since 2006, and...
Whether looking back over five years, 10 years or since the JPMorgan Chase/Bank One merger (approximately 14 years ago), our stock has significantly outperformed the Standard & Poor’s 500 Index (S&P 500 Index) and the Standard & Poor’s Financials Index (S&P Financials Index). And this g...
they have suffered fine, after fine, after fine. And so consumers think, is that just the cost of doing business. So what do you, as regulators, think of $300 billion plus in fines on the big ones, Bank of America, JPMorgan Chase, Citigro...
“We trusted the bank,” the Mom says, “like idiots.” In August, they received a Notice of Sale. They called Chase… and imagine their relief when they were told not to worry one bit about that notice. Apparently, it was just the fault of Chase’s stupid computer sys...
to explore how to use Quorum to make global payments more efficient. Although the venture is in its early stages, JPMorgan Chase says the program, and others like it, could help reduce transaction-processing delays from weeks to hours; at the scale of the bank’s treasury-services business,...
While Goldman Sachs’ stock increased 16% this year so far, its Big Four competitors, Wells Fargo,Bank of America,JPMorgan Chase& Co., andCitigrouphave increased by 18%, 17%, 14% and 12% respectively. The S&P 500 increased by 15% year-to-date, while the SPDR S&P Ba...